Porter may sell and lease back Toronto airport terminal

TORONTO Aug 29 (Reuters) - Porter Aviation Holdings Inc,
the parent of upstart Canadian carrier Porter Airlines, said on
Friday it was considering selling and then leasing back the
passenger terminal it operates at Toronto's Billy Bishop City
Airport.

Closely-held Porter Aviation said in a release that a deal
would let it focus on its core airline business. Last year
Porter Airlines unveiled a plan to more than double its fleet,
with a conditional order worth up to $2.08 billion for
Bombardier Inc's new CSeries jets.

Porter said a deal would not change its operations, and it
would still be based at the regional airport, on an island just
off Toronto's downtown core. The airport is owned and operated
by the Toronto Port Authority.

The Wall Street Journal said the sale could bring in more
than $500 million, citing unnamed people familiar with the
matter.
(Reporting by Allison Martell; Editing by Tom Brown)